Nifty Confirm Targets for May 2024

Nifty50 Trading Plan

Nifty Importent Supports
1. 22510
2. 22350
3. 22180
4. 21800

Nifty Importent Resistance
1. 22630
2. 22780
3. 22930
4. 23000

Nifty Trend Signal From Open Interest Analysis

PCR ratio as per Option Chain Analysis - 0.86 ( Bearish)
Max Pain As per Option Chain Analysis - 22800
Major Resistance as Per Nifty Open Interest Analysis - 22800 /23000
Major Support as Per Nifty Open Interest Analysis - 22500 / 22000

Long Opportunity in Nifty Trading

This week First Buying opportunity will be above 22800


Short opportunity in Nifty Trading
If nifty Sustain below 22630/22530 then try to Short nifty or buy nifty Put option Contract keep a small stop loss .

22180 is most importent level for nifty ( Nifty Pivot Point )